GALLI
ActiveSummary
GALLI has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €149,034 and a net result of €36,804. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 2940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-12
Solvency68▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 2.79 in 2023; short-term debt: 50% and cash: 16.5% of total assets), and 56.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
15 d early
2022
2 d late
2021
17 d early
2020
15 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€1.2m
EBIT margin
5.1%
Net result
€36,804▼ 37.3%
2023 · €58,661
Working capital
€18,952▼ 92.3%
2023 · €245,734
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.2m
Operating result€59,087▲ 1,759%€125,188▲ 112%€84,720▼ 32.3%€78,956▼ 6.8%€59,780▼ 24.3%
Net result€43,075above the sector's middle half€138,772above the sector's middle half▲ 222%€42,154within the sector's middle half▼ 69.6%€58,661within the sector's middle half▲ 39.2%€36,804within the sector's middle half▼ 37.3%
EBIT margin5.1%
Equity€72,644within the sector's middle half▲ 146%€211,416within the sector's middle half▲ 191%€253,570within the sector's middle half▲ 19.9%€312,231within the sector's middle half▲ 23.1%€149,034within the sector's middle half▼ 52.3%
Total assets€154,514within the sector's middle half▲ 1.8%€309,876within the sector's middle half▲ 101%€471,807within the sector's middle half▲ 52.3%€508,722within the sector's middle half▲ 7.8%€343,380within the sector's middle half▼ 32.5%
Debt€81,870▼ 33.0%€98,460▲ 20.3%€218,237▲ 122%€196,492▼ 10.0%€194,345▼ 1.1%
Working capital€31,810within the sector's middle half▼ 27.9%€153,863above the sector's middle half▲ 384%€189,064above the sector's middle half▲ 22.9%€245,734above the sector's middle half▲ 30.0%€18,952within the sector's middle half▼ 92.3%
Solvency47.0%within the sector's middle half▲ 27.5pp68.2%above the sector's middle half▲ 21.2pp53.7%above the sector's middle half▼ 14.5pp61.4%above the sector's middle half▲ 7.6pp43.4%within the sector's middle half▼ 18.0pp
Current ratio1.39within the sector's middle half▼ 0.193.28above the sector's middle half▲ 1.892.17above the sector's middle half▼ 1.122.79above the sector's middle half▲ 0.631.11within the sector's middle half▼ 1.68
Return on assets (ROA)27.9%above the sector's middle half▲ 30.7pp44.8%above the sector's middle half▲ 16.9pp8.9%within the sector's middle half▼ 35.8pp11.5%within the sector's middle half▲ 2.6pp10.7%within the sector's middle half▼ 0.8pp
Staff (FTE)7.6within the sector's middle half▲ 33.3%8.5within the sector's middle half▲ 11.8%13within the sector's middle half▲ 52.9%17.5above the sector's middle half▲ 34.6%8.3within the sector's middle half▼ 52.6%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €343,380
Fixed assets
€152,733 ▲ 21.4%
Current assets
€190,646 ▼ 50.2%
Equity and liabilities €343,380
Equity
€149,034 ▼ 52.3%
Debt
€194,345 ▼ 1.1%
Debt's share of the balance-sheet total rises from 38.6% to 56.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€87,390▼
2023 · €102,289
Cash flow
€64,414▼
2023 · €81,994
Quick ratio
0.42▼
2023 · 1.96
Debt to equity
1.30▲
2023 · 0.63
ROE
24.7%▲
2023 · 18.8%
Interest coverage
6.38▼
2023 · 10.96
Debt ≤ 1 year
€171,694▲
2023 · €137,189
Debt > 1 year
€13,000
Income taxes
€16,354▼
2023 · €18,225
Staff costs
€396,143▲
2023 · €357,293
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €1.2m | - |
| Non-recurring operating income76A | - | - | - | €16,717 | €6,076 | ▼ 63.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €708,820 | - |
| Remuneration, social security and pensions62 | - | €103,980 | €285,925 | €357,293 | €396,143 | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,978 | €10,441 | €19,163 | €23,333 | €27,610 | ▲ 18.3% |
| Other operating charges640/8 | - | €9,230 | €639 | €1,454 | €1,197 | ▼ 17.7% |
| Non-recurring operating charges66A | - | €1,580 | €903 | - | - | - |
| Gross operating margin9900 | €191,438 | €250,419 | €391,350 | €461,037 | €484,730 | ▲ 5.1% |
| Operating profit (loss)9901 | €59,087 | €125,188 | €84,720 | €78,956 | €59,780 | ▼ 24.3% |
| Financial income75/76B | - | €43,100 | €7,079 | €7,260 | €7,084 | ▼ 2.4% |
| Recurring financial income75 | €1,070 | €7,161 | €7,079 | €7,260 | €7,084 | ▼ 2.4% |
| Non-recurring financial income76B | - | €35,939 | - | - | - | - |
| Financial charges65/66B | - | €7,878 | €16,265 | €9,331 | €13,706 | ▲ 46.9% |
| Recurring financial charges65 | €10,285 | €7,515 | €16,265 | €9,331 | €13,706 | ▲ 46.9% |
| Non-recurring financial charges66B | - | €363 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €49,871 | €160,410 | €75,535 | €76,885 | €53,158 | ▼ 30.9% |
| Income taxes67/77 | €6,796 | €21,637 | €33,381 | €18,225 | €16,354 | ▼ 10.3% |
| Profit (loss) for the period9904 | €43,075 | €138,772 | €42,154 | €58,661 | €36,804 | ▼ 37.3% |
| Profit (loss) for the period to be appropriated9905 | €43,075 | €138,772 | €42,154 | €58,661 | €36,804 | ▼ 37.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,514 | €309,876 | €471,807 | €508,722 | €343,380 | ▼ 32.5% |
| Fixed assets21/28 | €40,834 | €88,630 | €120,492 | €125,800 | €152,733 | ▲ 21.4% |
| Intangible fixed assets21 | - | €2,503 | €1,503 | €503 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €40,605 | €85,014 | €117,876 | €124,183 | €152,504 | ▲ 22.8% |
| Land and buildings22 | - | - | - | - | €26,762 | - |
| Plant, machinery and equipment23 | - | €32,010 | €31,447 | €39,188 | €41,957 | ▲ 7.1% |
| Furniture and vehicles24 | - | €2,628 | €2,839 | €6,663 | €15,580 | ▲ 134% |
| Other tangible fixed assets26 | - | €50,375 | €83,590 | €78,333 | €68,206 | ▼ 12.9% |
| Financial fixed assets28 | €229 | €1,114 | €1,114 | €1,114 | €229 | ▼ 79.4% |
| Current assets29/58 | €113,680 | €221,246 | €351,315 | €382,923 | €190,646 | ▼ 50.2% |
| Stocks and contracts in progress3 | €95,320 | €114,142 | €123,974 | €114,208 | €119,306 | ▲ 4.5% |
| Stocks30/36 | - | €114,142 | €123,974 | €114,208 | €119,306 | ▲ 4.5% |
| Amounts receivable within one year40/41 | €5,478 | €86,303 | €174,876 | €204,478 | €6,704 | ▼ 96.7% |
| Trade receivables40 | - | €10,928 | €70,338 | €56,156 | €6,704 | ▼ 88.1% |
| Other amounts receivable41 | - | €75,374 | €104,537 | €148,322 | - | - |
| Cash at bank and in hand54/58 | €11,228 | €17,018 | €43,916 | €55,432 | €56,524 | ▲ 2.0% |
| Deferred charges and accrued income490/1 | - | €3,784 | €8,549 | €8,804 | €8,112 | ▼ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,514 | €309,876 | €471,807 | €508,722 | €343,380 | ▼ 32.5% |
| Equity10/15 | €72,644 | €211,416 | €253,570 | €312,231 | €149,034 | ▼ 52.3% |
| Contributions10/11 | - | €296,747 | €296,747 | €296,747 | €96,747 | ▼ 67.4% |
| Reserves13 | €31,122 | €67,061 | €67,061 | €28,197 | €52,287 | ▲ 85.4% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Tax-exempt reserves132 | - | €28,197 | €28,197 | €28,197 | €28,197 | = |
| Distributable reserves133 | - | €37,005 | €37,005 | €0 | €24,090 | - |
| Profit (loss) carried forward14 | -€255,225 | -€152,392 | -€110,238 | -€12,714 | - | - |
| Amounts payable17/49 | €81,870 | €98,460 | €218,237 | €196,492 | €194,345 | ▼ 1.1% |
| Amounts payable after more than one year17 | - | €9,274 | - | - | €13,000 | - |
| Financial debts170/4 | - | €9,274 | - | - | €13,000 | - |
| Amounts payable within one year42/48 | €81,870 | €67,383 | €162,251 | €137,189 | €171,694 | ▲ 25.2% |
| Current portion of amounts payable after more than one year42 | - | €9,910 | €9,274 | - | - | - |
| Financial debts43 | - | €6,323 | €2,822 | €7,110 | €8,137 | ▲ 14.4% |
| Credit institutions430/8 | - | €6,323 | €2,822 | €7,110 | €8,137 | ▲ 14.4% |
| Trade debts44 | €28,661 | - | €41,420 | €0 | €28,880 | - |
| Suppliers440/4 | - | - | €41,420 | €0 | €28,880 | - |
| Taxes, remuneration and social security45 | - | €46,285 | €103,130 | €130,078 | €125,668 | ▼ 3.4% |
| Taxes450/3 | - | €34,585 | €60,364 | €76,995 | €69,953 | ▼ 9.1% |
| Remuneration and social security454/9 | - | €11,699 | €42,766 | €53,083 | €55,715 | ▲ 5.0% |
| Other amounts payable47/48 | - | €4,866 | €5,605 | - | €9,009 | - |
| Accrued charges and deferred income492/3 | - | €21,803 | €55,986 | €59,303 | €9,651 | ▼ 83.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,075 | €138,772 | €42,154 | €58,661 | €36,804 | ▼ 37.3% |
| + Depreciation and write-downs630 | €9,978 | €10,441 | €19,163 | €23,333 | €27,610 | ▲ 18.3% |
| Operating cash flow (approximation) | €53,053 | €149,213 | €61,317 | €81,994 | €64,414 | ▼ 21.4% |
| Investment in fixed assets (approximation) | - | -€58,238 | -€51,025 | -€28,640 | -€54,543 | ▼ 90.4% |
| Change in cash | - | €5,790 | €26,898 | €11,516 | €1,093 | ▼ 90.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €138,772 ▲222%
Operating result €125,188, net result €138,772, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.28
Current ratio from 1.39 to 3.28; short-term debt falls from €81,870 to €67,383.
31-12
Financial
Equity above €200,000Eq €211,416 ▲191%
2 profitable years in a row build equity to €211,416.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €43,075
Net result €43,075 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet -€4,331
Net result drops to -€4,331, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Keerbergen · 1 establishment unit since 2004
Ground area
5,730 m²
Building footprint
494 m²
Volume, LiDAR
2,181 m³
Parcel 24472F0476/00L000, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Galli
since 20042.136.239.809
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0476/00L000 | Flanders | 5,730 m² | 1 · 494 m² | 9.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKeerbergen2.136.239.809
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,062 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456752907
Also
9925:BE0456752907
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.